# 3. Use the Gordon growth model to estimate Microsoft’s current stock price. Assume next year’s dividend...

3. Use the Gordon growth model to estimate Microsoft’s current stock price. Assume next year’s dividend payment is $12.00, the appropriate discount rate is 6 percent, and the company’s profits are expected to grow by 2 percent annually. ## Answers #### Similar Solved Questions 1 answer ##### 20. Tom Jones started the coffee shop business with$ 300 of office supplies. He has...
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